Home Back Issues May 2009 Deal Watch: Oregon's slice of the stimulus pie

Deal Watch: Oregon's slice of the stimulus pie

| Print |  Email
Archives - May 2009
Friday, May 01, 2009

UncleSam

By Jon Bell

Though few people have been out making new investments lately, there is one — though he’s more entity than person, really — who has: Uncle Sam.

With Congressional passage of the $775 billion American Recovery and Reinvestment Act of 2009 in February and then the $410 billion Omnibus Appropriations Act in March, the federal government has become quite the financial backer.

In Oregon, that means more than $6.2 billion in direct and indirect payments for a range of projects, from nearly $82 million for TriMet’s MAX line along I-205 to $460,000 for upgrades at the Happy Canyon and Pendleton Round-Up facilities in Eastern Oregon.

Among the latest projects to receive federal funding are $16.3 million worth of upgrades at the Port of Portland, including crane and wharf modernization projects, and the refurbishing of a taxiway at Portland International Airport. The Port of Coos Bay is slated to receive $2.5 million for upgrading rails.

Beyond the ports, other transportation projects include the Columbia River Crossing, which received $3 million for design work; the Portland Streetcar, which hauled in $45 million for a new loop from the Lloyd District to OMSI; and Warrenton’s Sunset Empire Transportation District, which will spend $465,000 on new buses, shelters and maintenance equipment.

Throw in $380,000 that will be used to study a former Christmas Valley military site for potential production of renewable energy and you’ve got a pretty good cross-section of the projects that will be helped along by Uncle Sam’s guiding hand.

In April the General Services Administration put a few more sprinkles on top by announcing it would spend about $150 million in stimulus funds to upgrade two federal buildings in downtown Portland and one in Baker City

List researched by Jon Bell

REAL ESTATE TRANSACTIONS
PRICE BUYER / PARENT (HQ) REAL ESTATE (LOCATION) / SELLER (HQ) ANNOUNCED
REAL ESTATE TRANSACTIONS
PRICE BUYER / PARENT (HQ) REAL ESTATE (LOCATION) / SELLER (HQ) ANNOUNCED
$3.6M Erich Kasch (Vancouver) King's Landing Apts (Corvallis)/Charles Stevens (CA) 3/20
$2.8M Glen McClish (CA) 80,000 sq. ft. warehouse (Portland)/Jones Belmont (Portland) and Venerable Group (Portland) 3/3
$1.6M Ivy Tree (Portland) Ivy Tree Apartments (Portland)/Louis Mayta (Portland) 3/4
$1.4M Northern Aral (NV) 12,220 sq. ft commercial (Vancouver)/Teresa and David Newton 3/3
$1.2M Stubb Street Properties (Portland) 19,800 sq. ft commercial (Milwaukie)/The Custom Kitchen (Portland) 3/21
$1.1M Megra Construction (Portland) 17,800 sq. ft industrial (Portland)/Marcus Harris & Beagle, Burke (Portland) 3/20
$940,000 Greg Fish (Portland) 6,400 sq. ft industrial (Portland)/David Corkum and Lynn Grice (Portland) 3/5
$850,000 MLK Growth Properties (Monmouth) Two parcels, 31,900 sq ft (Portland)/Olympic Coast Investment (WA) 3/21
$810,000 William Emery (Portland) 9,000 sq. ft (Portland)/Windsor Company Holdings (Portland) 3/20
$725,000 Patricia Lawrence (Portland) 6,400 sq. ft office (Portland)/Generating Equities (Portland) 3/6
$650,000 Oregon Coast Hospitality Investments (Portland) The Bayshore Inn (Garibaldi)/Bayshore Inn LLC (Tigard) 3/20
$500,000 3505 SW Corbett Avenue LLC (Portland) 6,400 sq. ft office (Portland)/Liza C. Jones (Portland) 3/20
$500,000 Ganesh Sonpatki (Portland) 5,000 sq. ft at the Harlow Hotel (Portland)/Peter Matthews (Portland) 3/20
$400,000 Cliff Poulton (CA)/Poulton Family Oregon (Seaside) Waldorf Hotel (Astoria)/Clatsop County Housing Authority (Astoria) 3/24
ND Shari's Restaurants (Beaverton) Four restaurants (CA)/VICORP Restaurants (CO) 3/17
ND W. Willemstein, C. van der Velde (the Netherlands and Bend) Tetherow Golf Club (Bend)/Spring Capital Group (Eugene) 3/23
.6M
Erich Kasch (Vancouver) King's Landing Apts (Corvallis)/Charles Stevens (CA) 3/20
height="500px".8M Glen McClish (CA) 80,000 sq. ft. warehouse (Portland)/Jones Belmont (Portland) and Venerable Group (Portland) 3/3
text="Click here to show Real Estate Transactions list in wide format" hideContent="true" width="900px" height="500px".6M Ivy Tree (Portland) Ivy Tree Apartments (Portland)/Louis Mayta (Portland) 3/4
text="Click here to show Real Estate Transactions list in wide format" hideContent="true" width="900px" height="500px".4M Northern Aral (NV) 12,220 sq. ft commercial (Vancouver)/Teresa and David Newton 3/3
text="Click here to show Real Estate Transactions list in wide format" hideContent="true" width="900px" height="500px".2M Stubb Street Properties (Portland) 19,800 sq. ft commercial (Milwaukie)/The Custom Kitchen (Portland) 3/21
text="Click here to show Real Estate Transactions list in wide format" hideContent="true" width="900px" height="500px".1M Megra Construction (Portland) 17,800 sq. ft industrial (Portland)/Marcus Harris & Beagle, Burke (Portland) 3/20
0,000 Greg Fish (Portland) 6,400 sq. ft industrial (Portland)/David Corkum and Lynn Grice (Portland) 3/5
0,000 MLK Growth Properties (Monmouth) Two parcels, 31,900 sq ft (Portland)/Olympic Coast Investment (WA) 3/21
0,000 William Emery (Portland) 9,000 sq. ft (Portland)/Windsor Company Holdings (Portland) 3/20
5,000 Patricia Lawrence (Portland) 6,400 sq. ft office (Portland)/Generating Equities (Portland) 3/6
0,000 Oregon Coast Hospitality Investments (Portland) The Bayshore Inn (Garibaldi)/Bayshore Inn LLC (Tigard) 3/20
0,000 3505 SW Corbett Avenue LLC (Portland) 6,400 sq. ft office (Portland)/Liza C. Jones (Portland) 3/20
0,000 Ganesh Sonpatki (Portland) 5,000 sq. ft at the Harlow Hotel (Portland)/Peter Matthews (Portland) 3/20
0,000 Cliff Poulton (CA)/Poulton Family Oregon (Seaside) Waldorf Hotel (Astoria)/Clatsop County Housing Authority (Astoria) 3/24
ND Shari's Restaurants (Beaverton) Four restaurants (CA)/VICORP Restaurants (CO) 3/17
ND W. Willemstein, C. van der Velde (the Netherlands and Bend) Tetherow Golf Club (Bend)/Spring Capital Group (Eugene) 3/23
Click here to show Real Estate Transactions list in wide format

CAPITAL RAISING
PRICE (TYPE) COMPANY (HQ) / LEADERSHIP INVESTOR (HQ) ANNOUNCED
8M (20-year wind energy investment) Eurus Energy America (CA)/Mark Anderson Clark Public Utilities (Vancouver) 3/24
5.9M (Common stock offering) PGE (Portland)/Jim Piro Private investors 3/6
.6M (I-205 MAX funds) TriMet (Portland) U.S. Government 3/12
.6M (Columbia River dredging funds) State of Oregon U.S. Government 3/12
.4M (Renewed credit facility) LaCrosse Footwear (Portland)/Joseph Schneider Wells Fargo (CA) 3/10
.5M (efficiency grants) State of Oregon U.S. Energy Efficiency and Conservation block grant 3/26
.6M (waterfront development funds) City of Vancouver U.S. Government 3/14
M (credit facility) Energy Connect Group (Lake Oswego)/Kevin Evans Aequitas Capital Management (Lake Oswego) 3/3
height="500px".5 (rail improvement funds) Port of Vancouver/Larry Paulson U.S. Government 3/26
text="Click here to show Capital Raising list in wide format" hideContent="true" width="900px" height="500px".6M (green research funds) OSU (Corvallis)/Edward Ray and PSU(Portland)/Wim Wiewel Oregon BEST (Portland) 3/13
text="Click here to show Capital Raising list in wide format" hideContent="true" width="900px" height="500px".5M (construction contract) Robert Gray Partners (Tualatin)/Robert Gray Mount Angel Abbey (Mount Angel) 3/24
text="Click here to show Capital Raising list in wide format" hideContent="true" width="900px" height="500px"M (job placement grant) Hewlett-Packard (Corvallis)/Kathy Mill, Director of Operations U.S. Labor Department 3/28
5,000 (stimulus funds for transportation) Clatsop County, Astoria and Seaside Oregon Department of Transportation 3/10
5,000 (bus funding) Sunset Empire Transportation District (Warrenton) U.S. Government 3/17
0,000 (job placement grant) Bayliner Marine (Roseburg) via Oregon Dept. of Com. Colleges U.S. Labor Department 3/10
0,000 (angel investment) DesignMedix (Portland)/Lynnor Stevenson Oregon Entrepreneurs Network (Portland) 3/13
,000 (angel investment) WeoGeo (Portland)/Paul Bissett Oregon Entrepreneurs Network (Portland) 3/13
Click here to show Capital Raising list in wide format

REAL ESTATE TRANSACTIONS
PRICE BUYER / PARENT (HQ) REAL ESTATE (LOCATION) / SELLER (HQ) ANNOUNCED
$3.6M Erich Kasch (Vancouver) King's Landing Apts (Corvallis)/Charles Stevens (CA) 3/20
$2.8M Glen McClish (CA) 80,000 sq. ft. warehouse (Portland)/Jones Belmont (Portland) and Venerable Group (Portland) 3/3
$1.6M Ivy Tree (Portland) Ivy Tree Apartments (Portland)/Louis Mayta (Portland) 3/4
$1.4M Northern Aral (NV) 12,220 sq. ft commercial (Vancouver)/Teresa and David Newton 3/3
$1.2M Stubb Street Properties (Portland) 19,800 sq. ft commercial (Milwaukie)/The Custom Kitchen (Portland) 3/21
$1.1M Megra Construction (Portland) 17,800 sq. ft industrial (Portland)/Marcus Harris & Beagle, Burke (Portland) 3/20
$940,000 Greg Fish (Portland) 6,400 sq. ft industrial (Portland)/David Corkum and Lynn Grice (Portland) 3/5
$850,000 MLK Growth Properties (Monmouth) Two parcels, 31,900 sq ft (Portland)/Olympic Coast Investment (WA) 3/21
$810,000 William Emery (Portland) 9,000 sq. ft (Portland)/Windsor Company Holdings (Portland) 3/20
$725,000 Patricia Lawrence (Portland) 6,400 sq. ft office (Portland)/Generating Equities (Portland) 3/6
$650,000 Oregon Coast Hospitality Investments (Portland) The Bayshore Inn (Garibaldi)/Bayshore Inn LLC (Tigard) 3/20
$500,000 3505 SW Corbett Avenue LLC (Portland) 6,400 sq. ft office (Portland)/Liza C. Jones (Portland) 3/20
$500,000 Ganesh Sonpatki (Portland) 5,000 sq. ft at the Harlow Hotel (Portland)/Peter Matthews (Portland) 3/20
$400,000 Cliff Poulton (CA)/Poulton Family Oregon (Seaside) Waldorf Hotel (Astoria)/Clatsop County Housing Authority (Astoria) 3/24
ND Shari's Restaurants (Beaverton) Four restaurants (CA)/VICORP Restaurants (CO) 3/17
ND W. Willemstein, C. van der Velde (the Netherlands and Bend) Tetherow Golf Club (Bend)/Spring Capital Group (Eugene) 3/23


CAPITAL RAISING
PRICE (TYPE) COMPANY (HQ) / LEADERSHIP INVESTOR (HQ) ANNOUNCED
$338M (20-year wind energy investment) Eurus Energy America (CA)/Mark Anderson Clark Public Utilities (Vancouver) 3/24
$175.9M (Common stock offering) PGE (Portland)/Jim Piro Private investors 3/6
$81.6M (I-205 MAX funds) TriMet (Portland) U.S. Government 3/12
$48.6M (Columbia River dredging funds) State of Oregon U.S. Government 3/12
$47.4M (Renewed credit facility) LaCrosse Footwear (Portland)/Joseph Schneider Wells Fargo (CA) 3/10
$33.5M (efficiency grants) State of Oregon U.S. Energy Efficiency and Conservation block grant 3/26
$5.6M (waterfront development funds) City of Vancouver U.S. Government 3/14
$5M (credit facility) Energy Connect Group (Lake Oswego)/Kevin Evans Aequitas Capital Management (Lake Oswego) 3/3
$2.5 (rail improvement funds) Port of Vancouver/Larry Paulson U.S. Government 3/26
$1.6M (green research funds) OSU (Corvallis)/Edward Ray and PSU(Portland)/Wim Wiewel Oregon BEST (Portland) 3/13
$1.5M (construction contract) Robert Gray Partners (Tualatin)/Robert Gray Mount Angel Abbey (Mount Angel) 3/24
$1M (job placement grant) Hewlett-Packard (Corvallis)/Kathy Mill, Director of Operations U.S. Labor Department 3/28
$895,000 (stimulus funds for transportation) Clatsop County, Astoria and Seaside Oregon Department of Transportation 3/10
$465,000 (bus funding) Sunset Empire Transportation District (Warrenton) U.S. Government 3/17
$300,000 (job placement grant) Bayliner Marine (Roseburg) via Oregon Dept. of Com. Colleges U.S. Labor Department 3/10
$150,000 (angel investment) DesignMedix (Portland)/Lynnor Stevenson Oregon Entrepreneurs Network (Portland) 3/13
$80,000 (angel investment) WeoGeo (Portland)/Paul Bissett Oregon Entrepreneurs Network (Portland) 3/13
 

More Articles

Gender Code

September 2014
Tuesday, August 26, 2014
BY COURTNEY SHERWOOD

Janice Levenhagen-Seeley reprograms tech.


Read more...

Powerlist: Colleges and Universities

September 2014
Wednesday, August 27, 2014
BY KIM MOORE

A conversation about higher education with the presidents of the University of Oregon and Clackamas Community College, followed by September's powerlist.


Read more...

The Backstory

October 2014
Thursday, September 25, 2014

In our cover story this month, Wendy Collie, CEO of New Seasons Market, and Kim Malek, owner of Salt & Straw, discuss their rapidly growing businesses and Portland’s red hot food scene. The conversation provides an interesting lens through which to explore trends in the grocery store and restaurant sectors.


Read more...

Books Rule

October 2014
Thursday, September 25, 2014
BY JON BELL

Powell's stays relevant in the digital age.


Read more...

A Recipe for Success

October 2014
Thursday, September 25, 2014
BY LINDA BAKER

Two businesswomen, two iconic food brands and one food-obsessed city. We thought this sounded like a recipe for good conversation. So in late August, Oregon Business sat down with Wendy Collie, CEO of New Seasons Market, and Kim Malek, owner of Salt & Straw, to discuss their rapidly expanding businesses and Oregon’s trendsetting food scene.


Read more...

Report Card

September 2014
Tuesday, August 26, 2014

Strong public schools shore up the economy, survey respondents say. But local schools demonstrate lackluster performance.


Read more...

A Good Leap Forward

September 2014
Wednesday, August 27, 2014
BY AMY MILSHTEIN

Agriculture businesses ramp up to meet international demand as workforce and succession challenges loom.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS